CCP Public Hearing Testimony Against "An Act Concerning Deposits in Lieu of Taxes"
HARTFORD, CT -- CCP President Karla Fortunato submitted testimony against Raised S.B. No. 1137.
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HARTFORD, CT -- CCP President Karla Fortunato submitted testimony against Raised S.B. No. 1137.
HARTFORD, CT -- We are reaching out to alert you about a state bill filed yesterday that would impact foundations and other nonprofits in the state.
HARTFORD, CT -- Forty-two percent of the 108 nonprofits recently surveyed by the CT Nonprofit Alliance and Connecticut Council for Philanthropy said they saw a decrease in donations in 2018, or expect a downturn this year. Karla Fortunato, president of the Connecticut Council for Philanthropy, which represents grantmakers in the state, can't say for certain why some people seem to be eschewing their regular donations to local nonprofits, but she believes the 2017 federal tax reform law has a lot to do with it.
View the visual notes from CCP's STate Budget Impact Forum on March 7, 2019.
HARTFORD, CT -- Gov. Ned Lamont wants to explore tapping private investors to finance at least some of the hundreds of millions of dollars needed to install electronic tolling on its highways. "We could put in place, probably, a public-private partnership so … we wouldn't have to up front all of that (toll installation) cost," Lamont said while speaking to the Connecticut Council on Philanthropy at the Hartford Hilton Thursday morning.
HARTFORD, CT -- Governor Lamont will speak at the Connecticut Council for Philanthropy Forum in Hartford on Thursday morning.
CCP's Policy Update includes links and information relevant to the CT philanthropic community, including: Governor Lamont's state budget proposal and the Nonprofit Alliance's analysis, news on Census 2020 in Connecticut, an update on impacts of the new tax law, and information on federal universal charitable deduction bills.
HARTFORD, CT -- New York state is leading a group of 18 states, 10 cities, four counties and the U.S. Conference of Mayors in a lawsuit against the Census Bureau and Commerce Department to try to remove a new citizenship question from the 2020 census questionnaire. It was originally filed April 3, more than a week after California filed a similar lawsuit in San Francisco federal court against Commerce Secretary Wilbur Ross, who oversees the bureau, and Census Bureau officials. The city of San Jose, Calif., as well as a group of individuals from Maryland and Arizona, have also taken separate legal actions to block the citizenship question. The states joining New York State Attorney General Eric Schneiderman's lawsuit filed in Manhattan federal court are Colorado, Connecticut, Delaware, Illinois, Iowa, Maryland, Massachusetts, Minnesota, New Jersey, New Mexico, North Carolina, Oregon, Pennsylvania, Rhode Island, Vermont, Virginia and Washington.
HARTFORD, CT -- The next decennial survey isn’t until 2020. But on Tuesday in downtown Hartford, representatives from the Census Bureau, local and state government, and community groups got together to jump-start their outreach plans to get every resident counted.
NEW BRITAIN, CT -- An opinion article penned by Dave Davison, former president of the American Savings Foundation, encourages indivdual giving, reviews why individuals give to charity, and the discusses the possible affects of the new Federal tax laws on indivdual charitable giving.
WASHINGTON, DC -- The consumer orgies of Black Friday, Small Business Saturday, and Cyber Monday have a rapidly growing nonprofit rival: Giving Tuesday, which celebrates its seventh year today. Begun by a coalition hoping to reinvigorate giving in the United States during the holiday season, Giving Tuesday has turned into a philanthropic juggernaut: Last year, the day moved at least $300 million to nonprofits by mobilizing hundreds of thousands of people, many of them infrequent donors, to give to charities of their choosing. Giving Tuesday champions the welcome spirit of ordinary donors and the amazing diversity of American charity. But when it comes to philanthropic giving in the United States, it proves the exception to a stubborn rule.
NEW YORK, NY -- Starting this fall, and well into the future, medical students at New York University will get free tuition. In a few years, shiny new facilities will welcome cancer patients in Atlanta and brain researchers at Stanford. The announcements about these developments credit generous philanthropists, but fail to mention who else is footing much of the bill: American taxpayers. Like most charitable giving, health care philanthropy is tax-deductible. When wealthy people give away millions of dollars, their tax bills go down. But that leaves the rest of us either to pick up the slack or go without the investments that our government could have made with those funds.
BOSTON, MA -- Research on giving in the United States has now produced definitive empirical evidence to show a decline in the participation and amounts donated by “small” and “medium” (actually, median) donors and an increasing reliance on “large” donors. That lead sentence should make every reader stop and envision the future of philanthropy in our democracy. Nonprfit Quarterly's Patrick Rooney writes in support of a universal charitable deduction.
NEW YORK, NY -- The Internal Revenue Service announced today the official estate and gift tax limits for 2019: The estate and gift tax exemption is $11.4 million per individual, up from $11.18 million in 2018. That means an individual can leave $11.4 million to heirs and pay no federal estate or gift tax, while a married couple will be able to shield $22.8 million. The annual gift exclusion amount remains the same at $15,000. For the ultra rich, these numbers represent planning opportunities. For everybody else, they serve as a reminder: Even if you don’t have a taxable estate, you still need an estate plan.
HARTFORD, CT -- CCP gives an update about news of proposed regulations that would curtail the right to assemble on federal land.
HARTFORD, CT -- Conventional wisdom is that the total price charged by the state and its local governments in Connecticut is one of the most burdensome in the country. A common measure upon which this conclusion is based is the total amount we residents pay in state and local taxes, relative to our aggregate personal income, i.e., our capacity to pay. On this basis, the Tax Foundation tells us that Connecticut ranks either first or second highest in the nation, depending on which of two analytic models it uses. However, taxes are not the only price paid to governments. Residents also pay a number of fees and other charges, separate and distinct from taxes. By Bill Cibes
HARTFORD, CT -- CCP gives updates on civic engagement efforts by Connecticut funders and nonprofits (two events are on October 3, so register today!); and current Federal developments on: the Public Charge for Immigrants; regulations in response to the SALT workarounds; and the Johnson Amendment.
WASHINGTON, DC -- The U.S. Treasury Department on Thursday issued new rules aimed at preventing taxpayers in Connecticut and other high-income and high-cost states from avoiding a new cap on the deductibility of their state and local taxes. The Internal Revenue Service said in May it would move to thwart the workaround Connecticut, New York, New Jersey, California and a number of other states have taken to avoid the new cap on these popular deductions.
HARTFORD, CT -- Connecticut has repeatedly considered "anti-prison gerrymandering" legislation during the past decade – in 2011, 2013, 2015 and 2016 – but that legislation has failed to pass. A 2013 report by the Prison Policy initiative and Common Cause found that almost half of the state’s prison population comes from the state’s five largest cities, but almost two-thirds of the state’s prison cells are located in just five small towns – Cheshire, East Lyme, Enfield, Somers, and Suffield.
The Connecticut State Office of Early Childhood (OEC) has provided a 2018 Legislative Session Update on how the OEC fared in the state budget, as well as important bills that were passed, including two agency bills.